Imperial Tobacco Group PLC (IMT) PT Raised to GBX 4,800
Imperial Tobacco Group PLC (LON:IMT) had its target price raised by investment analysts at Jefferies Group from GBX 4,600 ($56.93) to GBX 4,800 ($59.41) in a research note issued to investors on Tuesday, StockTargetPrices.com reports. The brokerage currently has a “buy” rating on the stock. Jefferies Group’s target price indicates a potential upside of 30.51% from the stock’s previous close.
A number of other equities research analysts also recently issued reports on IMT. Berenberg Bank lifted their price target on shares of Imperial Tobacco Group PLC from GBX 4,230 ($52.35) to GBX 4,400 ($54.46) and gave the company a “buy” rating in a research report on Thursday, July 7th. Barclays PLC restated an “overweight” rating and set a GBX 4,400 ($54.46) price objective on shares of Imperial Tobacco Group PLC in a research report on Wednesday, September 14th. Deutsche Bank AG restated a “buy” rating and set a GBX 4,300 ($53.22) price objective on shares of Imperial Tobacco Group PLC in a research report on Tuesday, July 19th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 4,230 ($52.35) price objective on shares of Imperial Tobacco Group PLC in a research report on Wednesday, August 24th. Finally, Beaufort Securities restated a “buy” rating on shares of Imperial Tobacco Group PLC in a research report on Friday, September 30th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 4,073.38 ($50.41).
Imperial Tobacco Group PLC (LON:IMT) traded up 1.31% on Tuesday, hitting GBX 3678.00. The stock had a trading volume of 2,787,997 shares. The company’s 50-day moving average price is GBX 3,581.74 and its 200 day moving average price is GBX 3,443.56. Imperial Tobacco Group PLC has a one year low of GBX 2,926.00 and a one year high of GBX 3,898.00.
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Imperial Tobacco Group PLC Company Profile
Imperial Brands PLC, formerly Imperial Tobacco Group PLC, is a fast-moving consumer goods company. The Company focuses on tobacco portfolio that offers a range of cigarettes, fine cut and smokeless tobaccos, and papers and cigars. The Company’s segments are Returns Markets North, Returns Markets South, Growth Markets (which includes its Cuban joint ventures and Fontem Ventures), USA and Logistics.
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